'No excuses' for platforms not to implement e-signatures

Given current climate

Sophie King
clock • 4 min read

Some platforms have put temporary plans in place to help advisers work with customers as normal, but others are keeping it business as usual despite the coronavirus crisis.

Most platforms require wet signatures from clients for them to move money, but the Covid-19 outbreak and recent government restrictions has made it increasingly harder for advisers to do so. Even before the pandemic, implementing e-signatures had been a debate among the financial planning community for some time and were deemed an "important milestone" when they became legally valid last year.  To add insult to injury, almost £1m of coronavirus-related fraud has been reported to Action Fraud, according to the national crime and fraud reporting centre. There had been 105 cases of Covid...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

AJ Bell platform AUA up 12% in Q3 to £121.5bn

AJ Bell platform AUA up 12% in Q3 to £121.5bn

Up 26% over the last year

Jenna Brown
clock 23 July 2026 • 2 min read
VUKPA 2026: Platform of the Year and adviser finalists revealed

VUKPA 2026: Platform of the Year and adviser finalists revealed

Vanguard UK Platform Awards 2026

Professional Adviser
clock 22 July 2026 • 1 min read
Why the need to master data is now business critical

Why the need to master data is now business critical

'Most advisers, it seems, are tolerating data delivery from platforms and pension providers'

Chanelle Paynter
clock 15 July 2026 • 4 min read